USD/JPY: Extreme Highs Not Ordinary or Surprising

The USD/JPY is trading near a value of 136.580 as of this writing.

The famed Forex pair is trading with a lot of volatility and spikes have been demonstrated. Trading the USD/JPY should be done by speculators who have experience; if people with a lack of historical knowledge want to trade the Japanese Yen they should use. In fact, speculators with a lot of experience should use extreme risk management too.

The USD/JPY did see some selling after the U.S Federal Reserve released its interest rate policy last week and a low of nearly 131.500 was seen on the 16 This lower short term realm did come about after the USD/JPY had hit a high of nearly 135.500 on the 14of June. The USD/JPY not only has a proven track record of trending in a very clear manner, but it also has the capability to move with a lightning pace as financial institutions seek equilibrium.

When trading opened yesterday the USD/JPY was roaming around the 135.000 juncture, but upon suddenly bursting through the 135.500 vicinity, the pair developed serious price velocity upwards. A late night high in the USD/JPY yesterday flirted with the 136.750 level, while the USD/JPY has come off of this high it has not traversed much lower. They may be tempted to sell the USD/JPY based on the notion that gravity will have to enter the market at some point and a bearish move will be ignited. However, timing the exact moment the USD/JPY is going to suddenly start to reverse and proceed downwards, breaking through support remains a nearly impossible task.

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